Chavez threatens to nationalize largest steel maker, banks

AFP ^ | 5/3/07

[FreedomPoster]

>>This monkey boy will be sitting on a Cuban like economy in about 10 years.

Do you think it will take that long? He seems to be moving at quite a clip.

On further reflection, I guess all the oil revenue will keep it afloat longer, so 10 years is probably about right.

[ExSoldier]

Hmmm.....21st century socialism communism looks an awful lot like 19th and 20th century socialism. communism

There...that looks better.

Every once in a blue moon I think that maybe it would be better for this country if the government did the same thing to our OIL companies, in the name of national survival. Those companies don't see themselves as entities of the USA, but rather corporate entities of the world. I need to remember this example and many others in history.

[theDentist]

He’s not really threatening to... he’s decided to. Just laying out his “reasons”. He’ll do it within a month.

[pleikumud]

The Clintonistas and Demo-Socialists have learned absolutely nothing from the collapse of the USSR. They still think government is the answer, when we all know government is the problem.

[CSM]

“If private banks don’t want to be involved, then they should leave.”

Oh, don’t worry, they will.

[bert]

....A Kuwaiti bank faxed its assets ....

Doubtful.......

Telexed its assets........ probably. Banks live by the tested telex.

[Wyatt's Torch]

Sound familiar?

[Leftism is Mentally Deranged]

It’s communism. Communism hates private property and enterprise. Communism seizes the work of others. Communism creates 2 classes of people: those favored by the government and who have everything, and everyone else who is poor and miserable.
The American left loves communism. They have the same goals as communism!

[Edgerunner]

Classic Fascism...

[AFPhys]

FACISM hits N.America

[AFPhys]

Oops... typo FACISM hits the Americas

[AFPhys]

Yup.

[Tijeras_Slim]

"21st century socialism"

The famines will be televised, and show trials will have blogs.

[avacado]

I work in Houston in the oil and gas industry. Educated Venezuelans are leaving that country in droves. That country will collapse within a decade.

[Rutles4Ever]

Is Chavez fashioning himslef the next Chairman Mao? Why not just have every citizen build a micro steel mill in their backyard, like the Chinese did?

[lurch104]

Wow, this is weird. I Just finished reading “Atlas Shrugged” for the first time last week and now I read about the Chavez mess. Its almost if Chavez is following Ms. Rand’s script. I keep expecting to hear a 3 hour public address on NPR entitled “This is John Galt Speaking”.

I would say that I’ll be interested to see how this ends for Chavez, but like I said, I already read the book.

[Spktyr]

They don’t have enouh time to strip the plants.

My recommendation was to hire mercenaries to blow up their own facilities - after getting everyone out first.

[griswold3]

I had heard the oil companies lost $30billion on May 1 after Hugo ‘nationalized’ the industry. Does that explain the gas price increase?
I agree with you on your proposal!!

[COBOL2Java]

Hillary’s taking notes...

[SirLinksalot]

Chavez threatens to nationalize largest steel maker, banks We have seen this done step by step late last century -- Robert Mugabe started out doing the same thing in what used to be called the Bread basket of Africa -- ZIMBABWE.

What we see in Zimbabwe now is EXACTLY what we'll see in Venezuela in 5 years if Chavez continues on this path.